Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) Hits New 52-Week Low – Time to Sell?

Schwab 5-10 Year Corporate Bond ETF (NYSEARCA:SCHI) reached a new 52-week low during trading on Monday . The company traded as low as $22.19 and last traded at $22.20, with a volume of 1619285 shares. The stock had previously closed at $22.25.

Schwab 5-10 Year Corporate Bond ETF Price Performance

The firm’s 50-day simple moving average is $22.42 and its 200-day simple moving average is $22.65.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. bought a new stake in Schwab 5-10 Year Corporate Bond ETF during the 4th quarter valued at $28,000. Root Financial Partners LLC increased its stake in shares of Schwab 5-10 Year Corporate Bond ETF by 110.6% during the fourth quarter. Root Financial Partners LLC now owns 1,257 shares of the company’s stock valued at $29,000 after buying an additional 660 shares during the period. Triumph Capital Management purchased a new position in shares of Schwab 5-10 Year Corporate Bond ETF during the third quarter valued at $41,000. Principia Wealth Advisory LLC raised its holdings in shares of Schwab 5-10 Year Corporate Bond ETF by 1,254.2% in the fourth quarter. Principia Wealth Advisory LLC now owns 1,923 shares of the company’s stock valued at $44,000 after acquiring an additional 1,781 shares in the last quarter. Finally, Vermillion Wealth Management Inc. bought a new stake in shares of Schwab 5-10 Year Corporate Bond ETF in the fourth quarter valued at about $44,000.

About Schwab 5-10 Year Corporate Bond ETF

The Schwab 5-10 Year Corporate Bond ETF (SCHI) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-weighted index of USD-denominated investment-grade corporate bonds with intermediate maturities of 5-10 years. SCHI was launched on Oct 10, 2019 and is managed by Charles Schwab.